J.P. Marvel Investment Advisors LLC Purchases 46,417 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

J.P. Marvel Investment Advisors LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 309.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,417 shares of the credit services provider’s stock after acquiring an additional 46,417 shares during the quarter. J.P. Marvel Investment Advisors LLC’s holdings in PayPal were worth $5,242,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC boosted its position in shares of PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal in the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC purchased a new position in PayPal in the 3rd quarter worth approximately $810,000. FCG Investment Co purchased a new position in PayPal in the 3rd quarter worth approximately $1,079,000. Finally, Equity Investment Corp raised its holdings in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PYPL shares. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Piper Sandler boosted their price objective on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Robert W. Baird decreased their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.52.

PayPal Trading Up 1.8 %

Shares of PayPal stock opened at $77.97 on Friday. The company has a market capitalization of $77.13 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The company has a fifty day moving average of $86.42 and a 200 day moving average of $80.14. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.